Tele2 (TLTZY) Projected to Post Earnings on Wednesday

Tele2 (OTCMKTS:TLTZY) is anticipated to post its resultson Wednesday, April 22nd. Analysts expect Tele2 to post earnings of $0.10 per share and revenue of $775.4640 million for the quarter.

Tele2 (OTCMKTS:TLTZY) last released its earnings results on Wednesday, January 28th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.02). Tele2 had a return on equity of 21.68% and a net margin of 15.40%.The company had revenue of $854.77 million during the quarter, compared to the consensus estimate of $866.14 million. On average, analysts expect Tele2 to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Tele2 Trading Down 0.3%

Tele2 stock opened at $10.29 on Tuesday. The company has a current ratio of 0.57, a quick ratio of 0.53 and a debt-to-equity ratio of 0.90. The business’s fifty day simple moving average is $10.55 and its two-hundred day simple moving average is $9.06. Tele2 has a 12 month low of $6.70 and a 12 month high of $11.61. The company has a market capitalization of $14.10 billion, a price-to-earnings ratio of 30.26 and a beta of 0.44.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Tele2 in a report on Tuesday, January 27th. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Tele2 currently has an average rating of “Buy”.

About Tele2

Tele2 AB is a European telecommunications company headquartered in Kista, Sweden. Since its founding in 1993, the firm has developed into a full-service provider of voice, data and multimedia solutions for both consumer and business markets. Its core offerings include mobile telephony, fixed and mobile broadband, voice over IP, digital television services and data network solutions, alongside emerging Internet of Things (IoT) and machine-to-machine connectivity products.

Tele2 operates primarily across the Nordic and Baltic regions, with key markets in Sweden, Estonia, Latvia and Lithuania.